Darkhorse Technologies Inc. income statement
In fiscal 2025, Darkhorse Technologies Inc. reported revenue of $11.2m, down 32.7% on the year before, operating income of −$22.0m (a -196.8% margin) and net income of −$21.5m, or −$7.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 76 | 76 | 82 | 9 | 6 | 5 | 4 | 6 | 22 | 17 | 11 | 10 |
| Cost of revenue | — | — | — | — | 7 | 4 | 3 | 2 | — | — | 13 | 9 | 8 |
| Gross profit | 5 | 23 | 22 | 3 | 2 | 2 | 2 | 2 | 3 | 6 | 3 | 3 | 2 |
| Research and development | 1 | 10 | 9 | 6 | 3 | 2 | 1 | 1 | 1 | 1 | 0 | — | — |
| Selling and marketing | 5 | 24 | 22 | 3 | 3 | 2 | 1 | 1 | 1 | 1 | 0 | — | — |
| General and administrative | 12 | 23 | 21 | 10 | 7 | 4 | 5 | 13 | 24 | 16 | 12 | 8 | 10 |
| Operating income | −12 | −45 | −64 | −18 | −13 | −6 | −6 | −20 | −158 | −30 | −21 | −22 | −32 |
| Interest expense | 0 | 0 | 2 | 3 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | — | — |
| Income before tax | −13 | −49 | −68 | −16 | −13 | −4 | −6 | — | — | — | — | — | — |
| Income tax | 0 | −1 | 1 | −1 | 0 | 0 | 0 | −0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −13 | −47 | −68 | −26 | −26 | −4 | −6 | −17 | −193 | −23 | −9 | −21 | −32 |
| Diluted EPS | −$2.65 | −$6.20 | −$3855.04 | −$589.12 | −$3.16 | −$0.32 | −$0.20 | −$40.60 | −$203.60 | −$1.93 | −$4.78 | −$7.37 | — |
| Diluted shares (average) | — | — | — | 44m | — | — | — | — | — | 1m | 2m | 3m | — |
| EBITDA | −9 | −37 | −58 | −12 | −9 | −5 | −5 | −14 | −129 | −24 | −14 | −15 | −26 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
| Cost of revenue | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Gross profit | −0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
| Research and development | 0 | 0 | — | — | — | — | — | — |
| Selling and marketing | 0 | 0 | — | — | — | — | — | — |
| General and administrative | 3 | 3 | 3 | 2 | 2 | 1 | 2 | 5 |
| Operating income | −5 | −9 | −5 | −3 | −4 | −10 | −4 | −14 |
| Interest expense | 0 | 0 | — | — | — | — | — | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 0 | −7 | −9 | 2 | −4 | −10 | −4 | −14 |
| Diluted EPS | $0.01 | −$4.66 | −$3.20 | $0.60 | −$1.50 | −$6.96 | — | −$2.68 |
| EBITDA | −3 | −7 | −4 | −1 | −2 | −8 | −3 | −13 |
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